Commercial Property Insurance

The Commercial Property Conditions (CP 00 90) form, which is attached to nearly all commercial property policies, contains conditions that apply only to coverage under an ISO commercial property policy.

the basic direct damage coverage form.

• Basic Causes of Loss Form (CP 10 10)
• Broad Causes of Loss Form (CP 10 20)
• Special Causes of Loss Form (CP 10 30)

• building property
• business personal property of the insured
• personal property of others

In the standard form, covered property is valued at actual cash value, and it is subject to a coinsurance provision.

Similar to the building and personal property coverage form but excludes personal property belonging to individual unit owners. A unit owner's insurance clause grants permission for a unit owner to have insurance covering the same property. Association coverage is primary and insurer waives subrogation.

designed to cover buildings under construction. Insured must maintain insurance equal to 100% of the buildings completed value.

• covers most types of theft
• more difficult for insurer to deny coverage

• Ordinance or Law Coverage (CP 04 05)
• Spoilage Coverage (CP 04 40)
• Peak Season Limit of Insurance (CP 12 30)
• Value Reporting Form (CP 13 10)